Alphabet shares rise on revenue beat as ad sales recover

Sales, excluding partner payouts, were US$58.07bil (RM259bil) in the quarter, the company said. That topped analysts’ projections for US$56.98bil (RM254bil). — Bloomberg

NEW YORK: Google parent Alphabet Inc reported first-quarter results that exceeded analysts’ estimates, demonstrating that its search advertising business is so far weathering the economic downturn and increased competitive threats.

Sales, excluding partner payouts, were US$58.07bil (RM259bil) in the quarter, the company said in a statement. That topped analysts’ projections for US$56.98bil (RM254bil).